UBS has downgraded Mitsubishi Materials from Neutral to Sell, lowering its price target to JPY 2,080.00 due to weak demand and expectations of declining copper smelting margins. The firm anticipates a 28.7% drop in earnings per share for the year ending March 2026, raising concerns about the company's investment strategy and market confidence.
Nippon Life Insurance Co. is set to acquire Resolution Life Group Holdings for $8.2 billion, marking the largest acquisition by a Japanese insurer. The deal will involve purchasing shares from various holders, including Blackstone Inc., with plans to complete the transaction by the second half of 2025.
Kioxia Holdings Corp.’s initial public offering, priced at ¥1,455 ($9.6), reflects weaker investor demand, as it debuted at the middle of its proposed range. This contrasts sharply with the trend in Japan, where 97% of IPOs this year have priced at or above their upper limits.
Global markets opened the week cautiously, with Wall Street's tech stocks driving gains amid mixed sentiment. Investors are anticipating a 25 basis point rate cut from the Federal Reserve, supported by a strong US jobs report, while central bank meetings and US CPI data will be pivotal for future rate expectations. The US dollar found support at the 105.13 trendline, while the EUR/USD faces risks ahead of the ECB meeting, and the Japan 225 index shows potential for gains amid economic resilience.
The Bank of Japan is set to enhance its communication strategy with a rare speech by Deputy Governor Ryozo Himino on January 14, aimed at local business leaders in Yokohama. This event precedes the first policy meeting of the year and may elevate market expectations for a potential rate hike, marking a departure from past practices since 2013.
The Ambulatory Surgical Centers market report provides a comprehensive analysis of industry dynamics, including market size, growth trends, and competitive landscape across various regions. It examines key factors such as technological advancements, market volatility, and regulatory impacts, while offering insights into emerging players and strategic developments. The report also includes detailed profiles of leading companies, market forecasts, and potential growth opportunities within niche segments.
Japan's bankruptcy filings are projected to exceed 10,000 this year, marking the highest level since 2013, according to data from Tokyo Shoko Research (TSR). This surge comes ahead of a significant central bank meeting scheduled for next week.
Paytm shares surged over 3% to reach a fresh 52-week high of Rs 1,007 following the board's approval to sell its stake in Japan's PayPay for Rs 2,364 crore. The stock has seen a 10.11% increase over the past five days, reflecting strong investor interest.
Japan's economy showed stronger growth than previously estimated, with an annualized GDP increase of 1.2% for the three months ending in September, surpassing an initial estimate of 0.9%. This revision comes as the Bank of Japan considers its policy decisions in light of the new data.
Asia-Pacific markets opened mixed as investors reacted to Japan's revised GDP and awaited China's inflation data. Japan's Nikkei 225 rose 0.5% following a GDP revision to 0.3%, while South Korea's Kospi fell 1.6% amid political turmoil. In the U.S., the S&P 500 and Nasdaq reached record highs, buoyed by positive jobs data, while the Dow slipped 0.28%.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
